Property Overview:
1682 Oxford St is a multi-family fourplex in Berkeley, CA, built in 1940. The property features four 1-bedroom, 1-bathroom units (total 4 beds, 4 baths) across 2,396 sq. ft. of living space. Each unit includes a fireplace, gas range, vintage tile kitchen, original details, bathtub, hardwood floors, and off-street parking. The property is zoned R-3 (versatile development potential) and includes storage and a parking garage. List price: $1,650,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 14.2% (higher than state average of 11.8%).
- Property crime risk: 16.9% (higher than state average of 10.8%).
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Schools:
- Nearby schools: Berkeley Arts Magnet at Whittier, Martin Luther King Middle, Berkeley High.
- Average SAT score: 1112 (above state average of 975).
- Located in the Berkeley public school district.
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Job Market:
- 76.5% white-collar jobs, 23.5% blue-collar jobs.
- Unemployment rate: 2.9% (lower than state average of 4.7%).
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Demographics:
- Community population: 9,949 (12.8% growth since 2000).
- 30.3% families with children.
- Largest age group: 20-24 years (23.98%); second largest: 25-34 years (23.41%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 44.6°F (January), 75.4°F (July).
- Average rainfall: 29.1 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $58,772.
- Average annual spending: $47,749.
Property Features:
- Four 1-bed/1-bath units with fireplaces, gas ranges, vintage tile kitchens, and original details.
- Bathtubs, hardwood floors, shared patios, off-street parking, and storage.
- Parking garage included.
- Zoned R-3: Offers versatile development potential for investors.
- Immediate income and long-term upside potential.
- Lot size: 0.136 acres.
Location Benefits:
- Prime Northside Neighborhood in Berkeley.
- 9-minute (0.3 mile) walk to UC Berkeley campus.
- Steps from Peet’s Coffee, Gourmet Ghetto (Gregoire, Chez Panisse), and Downtown Berkeley dining, shopping, and entertainment.
- Close to public transportation: Downtown Berkeley BART and major thoroughfares.
- Bike/car/walk friendly.
- Strong demand for both multifamily and student housing in the area.
- Great investment opportunity in a thriving, high-demand market.